ICICI Bank's (CMP: Rs 337 Mcap: Rs 218,670 crore) March quarter net profit came in at Rs 1,221 crore in the fourth quarter of FY20 as against Rs 969 crore in the year-ago period. Profits were adversely impacted by COVID-19 related provisions of Rs 2,725 crore. Slippages to non-performing assets increased as two corporate accounts (A Singapore-based oil Company and Middle East based healthcare company) were classified as GNPA. However, the private lender reported a strong overall performance with core...
Moneycontrol Pro Panorama | Problems of low oil prices
Aug 17, 2022 / 04:57 PM IST
In today’s edition of Moneycontrol Pro Panorama: A PhD dropout’s trading journey, economy’s cues for the market, oil prices hit a soft stretch, SAIL sets sail for better show, Berger Paints’ valuation issue and more
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Aug 6, 2022 / 10:21 AM IST
A look at the current macro readings is enough for the RBI governor not to budge and dilute his ‘withdrawal of accommodation’ stance
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